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jacobs engineering group inc (JEC) Details

Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that include engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, including services performed in connection with scientific testing, analysis, and consulting activities, as well as information technology, and systems engineering and integration activities. The company also provides construction services comprising traditional field construction services, modular construction activities, and direct-hire construction and construction management services; and operations and maintenance services that include services performed in connection with operating facilities on behalf of clients, as well as services involving process plant and facilities maintenance. In addition, it provides systems integration and communication, information technology, and data security solutions for supporting the intelligence community, the U.S. Department of Defense, and federal civilian customers. The company’s customers include companies operating in various industries and markets, such as oil and gas exploration, production, and refining; aerospace, defense, and environmental programs; chemicals and polymers; mining and minerals; pharmaceuticals and biotechnology; infrastructure and telecommunications; buildings; power; pulp and paper; technology and manufacturing; and food and consumer products, and others. Jacobs Engineering Group Inc. provides its services through approximately 200 offices located primarily in North America, South America, Europe, the Middle East, Australia, Africa, and Asia. The company was founded in 1947 and is headquartered in Pasadena, California.

jacobs engineering group inc (JEC) Key Developments

EDF Energy Selects Jacobs Engineering Group Inc. as Preferred Bidder to Support Its Proposed New 3,200 Mw Nuclear Power Generation Plant at Hinkley Point in Somerset, United Kingdom

Jul 31 15

Jacobs Engineering Group Inc. announced that it has been selected as a preferred bidder by EDF Energy to support its proposed new 3,200 MW nuclear power generation plant at Hinkley Point in Somerset, United Kingdom. Under the terms of the contract, Jacobs is to provide project management for the building and civil work on the main construction site including the marine works. Jacobs has worked on every nuclear licensed site in the UK, providing specialist expertise across the complete nuclear lifecycle from the existing nuclear power generation fleet, the new build program, through to decommissioning and clean up. Jacobs is currently providing a wide range of services to the EDF Group for projects in the UK and Europe. These include project management services to support EDF Energy’s program of maintenance and life extension projects at its eight UK nuclear power station sites and environmental services to support the 2000 megawatt Cottam and West Burton coal-fired stations. EDF Energy is the prospective owner, operator and licensee for two new reactors planned at Hinkley Point C. If the investment framework is approved, Hinkley Point C will be the first in a new generation of UK nuclear power stations, marking a significant moment in the revitalization of the UK’s nuclear power industry. EDF Energy is one of the UK’s largest energy companies and the largest producer of low-carbon electricity, producing around one-fifth of the nation's electricity.

Jacobs Engineering Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 26, 2015; Revises Earnings Guidance for the Full Year 2015

Jul 28 15

Jacobs Engineering Group Inc. reported earnings results for the third quarter and nine months ended June 26, 2015. For the quarter, the company reported revenue of $2,907,541,000 against $3,231,791,000 a year ago. Operating profit was $100,434,000 against $123,937,000 a year ago. Earnings before taxes were $97,188,000 against $118,046,000 a year ago. Net earnings of the group were $97,308,000 against $71,309,000 a year ago. Net earnings attributable to company were $91,062,000 or $0.73 diluted per share against $64,842,000 or $0.49 diluted per share a year ago. Capital expenditures were $10,120,000 against $25,081,000 a year ago. The company's adjusted net earnings for the third quarter of fiscal 2015 exclude the after-tax costs related to certain restructuring activities totaling $30.1 million, or $0.24 per diluted share. Net debt position was $131 million at quarter end.
For nine months, the company reported revenue of $8,997,878,000 against $9,476,715,000 a year ago. Operating profit was $391,701,000 against $391,419,000 a year ago. Earnings before taxes were $380,846,000 against $397,362,000 a year ago. Net earnings of the group were $291,613,000 against $261,058,000 a year ago. Net earnings attributable to company were $273,108,000 or $2.15 diluted per share against $242,034,000 or $1.83 diluted per share a year ago. Capital expenditures were $69,297,000 against $92,033,000 a year ago. Adjusted net earnings for the nine months ended June 26, 2015 exclude 2015 Restructuring costs totaling $39.7 million after-tax, or $0.31 per diluted share.
The company have raised 2015 EPS guidance to a range of $3.11 to $3.31.

Jacobs Engineering Group Inc. and Atkins Win a Contract from Highways England for Smart Motorway Project

Jul 24 15

Jacobs Engineering Group Inc. announced that, in a joint venture agreement with Atkins, it was awarded a contract by Highways England to provide design services for three smart motorway projects in England, United Kingdom. Under the terms of the contract, Jacobs and Atkins are initially providing design services for smart motorway projects being installed between junctions 13 to 15 of the M6, junctions 3 to 5 of the M20 and junctions 8 to 10 of the M23. The deployment of intelligent, integrated transport systems will provide traffic information to road users and enable improved monitoring of traffic levels.

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